if you are going to have market integrity and have the marketplace be the prime marry regulater. then that has to go out to raise that company toll and looking at that behavior. you really end up with two regulators. you have the marketplace that is by far the best regulator you can have that particular security. >> you don't are the strirkt agencies saying we are comboing to ban or abolish that. yet making sure you are going to be in that business and have adequate capitol to back up your acquisition. >> coming up next, it's washington journal. we'll take your questions and comments. on news makers today, president obama's decision on guantanamo detainees. . . ♪

the federal government is now the principal labor, environmental and safety regulat regulator, a customer, tax collector, financeer and pension guarantor of two of the three auto manufacturers. unprecedented. it also hold s equity in these entities and management will engender conflicts everywhere. other conflicts will arise by way of the government's investment in two competing entities. what process have you put in place to help identify, to manage and then report such conflicts to the congress, especially to this committee? >> well, let me talk generally about the president's admonit n admonitions in this area. he has been very clear the policy directors regarding things like the environment or cafe or health and safety are not within our purview. we have no authority to deal with the companies on those matters. whatever the congress passes and the president signs becomes the law of the land, we would expect to apply to all companies who do business absolutely similarly and the president has been crystal clear he expects no special accommodation to either of these two companies in any